I’m an optimistic guy. I believe that most people are basically good. So far, life has proved me correct.

That said, I’m not naive. I know there are still plenty of scumbags out there — and that many of these scumbags prey on the unsuspecting in order to line their pockets with profit.

The Trouble with Phantom Debt

Recently, for instance, Kim has been receiving phone calls from a company purporting to be collecting a debt owed to the Internal Revenue Service. Kim knows she doesn’t owe the IRS anything. She’s always paid her taxes in full. This company is attempting to coerce her into paying on what is known as a phantom debt — a debt she does not owe.

Fighting Back

Andrew Therrien is a salesman from Rhode Island. In 2015, he began to receive threatening calls about a debt he did not owe. Worse, the debt collectors threatened to rape his wife. (WTF?)

For once, the scumbags messed with the wrong guy.

Over the next two years, Therrien spent hundreds of hours (and even flew across the country!) turning the tables on the debt collectors. From the story:

By day [Therrien] was still promoting ice cream brands and hiring models for liquor store tastings. But in his spare time, he was living out a revenge fantasy. He befriended loan sharks and blackmailed crooked collectors, getting them to divulge their suppliers, and then their suppliers above them. In method, Therrien was like a prosecutor flipping gangster underlings to get to lieutenants and then the boss. In spirit, he was a bit like Liam Neeson’s vigilante character in the movie Taken — using unflagging aggression to obtain scraps of information and reverse-engineer a criminal syndicate.

Therrien doggedly worked his way from low-end debt collectors to their bosses, then to their bosses, eventually confronting a billion-dollar businessman who might as well be called King of the Scumbags: a guy named Joel Tucker from Kansas City, Missouri.

Taking It to the Top

A year after he’d started his crusade, Therrien managed to get Tucker on the phone. He recorded the call.

“I’ll tell you why I care,” Therrien said calmly. “I’ll tell you why I care. I believe, and I’m just telling you what I believe, you sold my personal information 21 separate times. I’ve gotten close to 100 f—ing calls, and because I’ve gotten those 100 calls from scumbag collectors that you facilitated, I’m going to make sure that that kind of shit ends now.”

Tucker was incredulous: “You think this is my fault?”

[…]

“I know what happened. You f—ing stole money from people,” Therrien said. “I’m giving you the opportunity to come clean.”

It’s long — over 4000 words! — but well worth your time if you like tales of justice served. But it’s also enlightening. I had no idea that the “phantom debt” problem was so wide-spread…and that so many people fall for this sort of scam.

My name is J.D. Roth. I started Get Rich Slowly in 2006 to document my personal journey as I dug out of debt. Then I shared while I learned to save and invest. Twelve years later, I've managed to reach early retirement! I'm here to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you get rich slowly. Read more.

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